Power Ledger to help create blockchain-based digital energy platform in Thailand

Australian firm Power Ledger has announced a partnership with Thai Digital Energy Development (TDED) to create a blockchain-based digital energy platform in the country. Thailand aims to generate a quarter of its electricity from renewables by 2037.

The announcement on 35 May said that platform will enable environmental commodity and peer-to-peer (P2P) energy trading, in order to accelerate adoption of renewable energy sources.

TDED is a joint public/private sector venture between the Thai energy authorities and green energy specialists BCPG. The partnership with Power Ledger will see blockchain technology used to manage four BCPG clean power projects, including energy and carbon management at Chiang Mai University’s 12MW Smart Campus.

Power Ledger has been working with BCPG since 2018, when it launched a similar P2P energy trading trial in one of Bangkok’s central precincts.

The company is also keen to use the TDED partnership framework to approach other energy market participants across Thailand, who may also want to use its blockchain energy trading technology.


Related articles

Japan’s Startup Ecosystem Unites: Startup JAPAN 2024

Embark on a journey into the heart of Japanese...

Japan’s Startup Scene Takes Flight: Rocket Pitch Night Spring 2024

Get ready to ignite your entrepreneurial spirit as Japan's...

Freddie Mac Takes a Leap into Home Equity Loans

Freddie Mac's recent proposal to venture into the secondary...

Ethereum Takes a Breathtaking Turn to Inflation

For the first time since the historic transition known...

Scammer Turns Negotiator: $68 Million Crypto Heist Takes Unexpected Turn

A surprising development unfolded recently that could be straight...


Please enter your comment!
Please enter your name here